management buyout

noun

1. the purchase of a company by its managers, usually with outside backing from a bank or other institution MBO

Example Sentences

“This management buyout allows us to continue executing our vision for increased market expansion and product innovation,” said OpenBet CEO Jordan Levin in a statement.

From Los Angeles Times

Beverly Hills-based Endeavor announced Monday it will sell sports betting firm OpenBet, in a management buyout backed by Chief Executive Ari Emanuel.

From Los Angeles Times

Franchise Group, the company at the heart of a troubled management buyout that has devastated the stock of B. Riley Financial, has filed for bankruptcy — but plans to keep open most of its retail brands, including Vitamin Shoppe.

From Los Angeles Times

Neopets said a management buyout deal meant the website was now an independent business without a large corporate owner.

From BBC

The consortium, which also includes B. Riley Financial Inc and private equity firm Irradiant Partners, would pay $30 per share, slightly above stock's closing price of $29.92 as of Jan. 9, a day before reports of a potential management buyout first surfaced.

From Reuters